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Newcrest Dec 19 Quarterly Report - Exploration
Newcrest Dec 19 Quarterly Report - Exploration
Newcrest Dec 19 Quarterly Report - Exploration
Highlights
Newcrest announces that results from the latest drilling continues to expand the gold-copper mineralisation at the
Havieron Project, 45km east of Telfer, Australia. Newcrest plans to drill an additional 20,000 – 30,000 metres in the
next two quarters to support the potential delivery of a resource estimate by the end of calendar year 2020. In parallel,
a number of environmental, geotechnical and metallurgical studies have commenced to support the potential
resource estimate and future permitting requirements.
“These results at Havieron signal the real potential for renewal of our asset portfolio in the Paterson region. The
grades we are seeing are unique for this region and we are excited to progress and accelerate our evaluation of this
opportunity. The results vindicate our strategy of searching deep undercover and, when combined with our ability to
efficiently mine deep ore bodies in a cost effective manner, demonstrates our unique capability in the industry” said
Newcrest’s Managing Director and Chief Executive Officer, Sandeep Biswas.
“The initial drill results from Red Chris have identified an additional higher grade zone sitting outside of the known
resource shell and has expanded the footprint of the mineralisation which is open to the west and at depth, confirming
the potential for additional discoveries within the porphyry corridor. Red Chris aligns with our strategic capability to
build and operate mass underground mines.” said Mr Biswas.
Results include:
Drilling continues to expand the extent of the mineralisation and demonstrates continuity of mineralisation over 450m
of strike, up to 150m wide, and in excess of 600m in vertical extent. A zone of higher grade mineralisation has been
defined within the broader mineralised envelope. Mineralisation remains open to the north west and at depth.
Geological interpretation of the drill data suggests the development of a steeply plunging tight fold with the higher-
grade sub-vertical mineralisation spatially related to arcuate zones associated within a complex series of
hydrothermal breccias. These breccias are variably mineralised and account for the wider drill intersections observed
during the 2019 drill program.
Newcrest Mining Limited – Level 8, 600 St Kilda Road, Melbourne - Quarterly Exploration Report to 31 December 2019
The Havieron Project is operated by Newcrest under a farm-in agreement with Greatland Gold Plc. It is centred on a
deep magnetic anomaly located 45km east of Telfer in the Paterson Province. The target is overlain by more than
420m of post mineral cover. Newcrest commenced drilling during the June 2019 quarter and has increased drilling
activity such that it had six drill rigs operating in mid December 2019.
Figure 1. Schematic Plan view map showing drill hole locations, significant intercepts and interpreted geology.
Newcrest Mining Limited – Level 8, 600 St Kilda Road, Melbourne - Quarterly Exploration Report to 31 December 2019
Figure 2. Schematic Cross Section Figure 3. Schematic Cross Section 7597650mN
7597600mN (looking North). (looking North).
Newcrest Mining Limited – Level 8, 600 St Kilda Road, Melbourne - Quarterly Exploration Report to 31 December 2019
Red Chris, British Columbia, Canada
The Red Chris Project is a Joint Venture between Newcrest (70%) and Imperial Metals Corporation (30%). Newcrest
acquired its interest in the Joint Venture on 15 August 2019.
There are two drilling campaigns presently underway at Red Chris. The first is the East Zone Resource Definition
Programme which is designed to obtain geological, geotechnical and metallurgical data to support future studies for
underground block cave mining. The second is the Brownfields Exploration Programme searching for additional
zones of higher grade mineralisation within the Red Chris porphyry corridor. Drill activity increased during the quarter
with six diamond drill rigs operating. Seven drill holes have been completed with a further five holes in progress for
a total of 14,742m drilled.
The East Zone Resource Definition Programme comprises 16 holes; two holes have been completed and a further
five holes are in progress. So far, we have only received assay results for portions of two of the holes:
• RC591R returned 474m @ 0.63 g/t Au and 0.43 % Cu from 325m, including
o 178m @ 0.74 g/t Au and 0.41 % Cu from 391m, including
o 46m @ 1 g/t Au and 0.64 % Cu from 519m, and
o 112m @ 1.1 g/t Au and 0.71 % Cu from 685m, including
o 62m @ 1.4 g/t Au and 0.86 % Cu from 733m
• RC591R also returned 64m @ 1.6 g/t Au and 1.1 % Cu from 847m, including
o 62m @ 1.6 g/t Au and 1.1 % Cu from 847m, including
o 56m @ 1.7 g/t Au and 1.2 % Cu from 851m
• RC595 returned 720m @ 0.59 g/t Au and 0.56 % Cu from 394m (partial result), including
o 386m 0.82 g/t Au and 0.73 % Cu from 668m, including
o 126m @ 1.1 g/t Au and 0.85 % Cu from 800m
Newcrest intends to construct, at the completion of the East Zone Resource Definition Programme, a new Resource
Model incorporating both historical Imperial Metals’ and 2019 Newcrest drilling data.
The Brownfields Exploration Programme has identified an additional higher grade zone and expanded the footprint
of the Gully mineralisation:
• RC603 returned 124m @ 0.58 g/t Au and 0.42 % Cu from 466m, including
o 94m @ 0.71 g/t Au and 0.51 % Cu from 470m, including
o 10m @ 1.4 g/t Au and 0.71 % Cu from 518m
• RC603 also returned 304m @ 0.44 g/t Au and 0.2 % Cu from 802m, including
o 52m @ 1.1 g/t Au and 0.47 % Cu from 948m, and
o 16m @ 0.92 g/t Au and 0.16 % Cu from 1016m
Additional drilling at Gully is planned to map out the extent of high grade mineralisation.
Newcrest Mining Limited – Level 8, 600 St Kilda Road, Melbourne - Quarterly Exploration Report to 31 December 2019
Table 1: Significant Red Chris intercepts from the December 2019 quarter
Hole ID From (m) To (m) Width (m) Gold (g/t) Copper (%)
Newcrest Mining Limited – Level 8, 600 St Kilda Road, Melbourne - Quarterly Exploration Report to 31 December 2019
Figure 7. Schematic Cross Section RC591R. Figure 8. Schematic Cross Section RC595.
Figure 9. Schematic Cross Section RC589. Figure 10. Schematic Cross Section RC590.
Newcrest Mining Limited – Level 8, 600 St Kilda Road, Melbourne - Quarterly Exploration Report to 31 December 2019
Figure 11. Schematic Cross Section RC603. Figure 12. Schematic Cross Section RC604.
At the Mioceno project, an option and farm-in agreement with Cornerstone Capital Resources Inc., a programme of
in-fill Controlled-source Audio-frequency Magnetotellurics (CSAMT) commenced during the quarter along with
geological mapping and soil sampling. Initial diamond drilling is anticipated during the March 2020 quarter.
At the Altazor high-sulfidation epithermal gold and porphyry project, which is an option and farm-in agreement with
Mirasol Resources Ltd, work was unable to commence as planned during the December 2019 quarter due to protest
activity in the region, associated with the broader civil unrest experienced in Chile. A new detailed community
engagement programme will be implemented in early 2020 with the aim of obtaining community consent for
exploration activities by October 2020.
Also in northern Chile, work programmes are scheduled to commence during the March 2020 quarter to define
prospective high-sulphidation epithermal and porphyry drill targets at the Vicuna properties under an option and farm-
in agreement with Compania Minera del Pacifico S.A (CAP).
Newcrest Mining Limited – Level 8, 600 St Kilda Road, Melbourne - Quarterly Exploration Report to 31 December 2019
Wyoming, USA
A 3,900m diamond drill program was completed at the Rattlesnake Hills project, Wyoming (an alkalic epithermal and
porphyry-hosted gold target). Rattlesnake Hills is an option and farm-in agreement with GFG Resources Inc., who
are operators of the project. Final results from the drilling program are being compiled by GFG, with a decision
regarding project advancement expected during the March 2020 quarter.
Nevada, USA
At the Jarbidge project in Nevada (low-sulfidation epithermal gold target), Newcrest completed a diamond drilling
program totalling 3,309m during the December 2019 quarter. The drilling was focused in the central portion of the
historic Jarbidge district and did not return any significant gold intersections. A new target area has been identified
to the northeast of the central area exhibiting strong support in geochemistry, geophysics and hyperspectral alteration
studies over a broad area. Permitting activities are underway with the aim of drill-testing the new target area during
2020.
At the Euro Project Joint Venture with Prodigy Gold Ltd, no significant results were received from the Dune and
Anomaly 16 drill testing.
No activities were completed in the Mt Isa North region or the Bulimba region in north east Queensland.
Brownfield Exploration
Brownfields exploration activities continued within provinces hosting Newcrest operations.
• Cadia – Exploration activities continue within the interpreted extensions of the Cadia Mine Corridor which
includes both Newcrest title as well as the Junction Reefs Joint Venture area. Work programmes aimed at
refining, ranking and prioritisation of future drill targets continued utilising deep penetrating Induced Polarisation
techniques in combination with drill hole geochemistry and relogging of selected drill holes.
• Telfer – Drill testing of the Ironclad Prospect was completed with assay data downgrading the prospectivity. In
the immediate Telfer mine area, West Dome South drilling and revision is ongoing.
• Lihir – Reconnaissance soil sampling of regional prospects continued with the initial 200m by 200m grid survey
completed at Wurtol. Initial results indicate follow up work is required. Discussions continue with the community
regarding access to the Huniho prospect.
• Gosowong – Drill testing on priority structural areas targeting extensions of identified vein zones continued within
the vicinity of the Gosowong operations.
Newcrest Mining Limited – Level 8, 600 St Kilda Road, Melbourne - Quarterly Exploration Report to 31 December 2019
Appendix 1
Havieron Project (Greatland Gold plc farm-in agreement): JORC Table 1
Section 1 Sampling Techniques and Data
Criteria Commentary
Sampling techniques Diamond core samples are obtained from diamond drilling in Proterozoic basement lithologies. PQ-HQ and NQ diameter
diamond core was drilled on a 6m run. Diamond core was cut using an automated core-cutter and half core sampled at
1 m intervals with breaks for major geological changes. Sampling intervals range from 0.2 – 1.0 m. Cover sequences
were not sampled.
Drilling techniques Permian Paterson Formation cover sequence was drilled using mud rotary drilling and Reverse Circulation drilling
(HAD023, HAD024 and HAD027 only). Depths of cover typically observed to approximately 420 m vertically below
surface. Steel casing was emplaced to secure the pre-collar.
Diamond drilling was advanced from the base of the cover sequence with PQ3, HQ3 and NQ2 diameter coring
configuration.
Diamond core from inclined drill holes are oriented on 3m and 6m runs using an electronic core orientation tool (Reflex
ACTIII). At the end of each run, the bottom of hole position is marked by the driller, which is later transferred to the
whole drill core run length with a bottom of hole reference line.
Drill sample recovery Diamond core recovery is systematically recorded from the commencement of diamond coring to end of hole, by
reconciling against driller’s depth blocks in each core tray with data recorded in the database. Drillers depth blocks
provided the depth, interval of core recovered, and interval of core drilled.
Diamond core recoveries were typically 100%, with isolated zones of lower recovery.
Cover sequence drilling by the mud-rotary drilling did not yield recoverable samples.
Logging Geological logging recorded qualitative descriptions of lithology, alteration, mineralisation, veining, and structure (for all
diamond core drilled – 11,075m), including orientation of key geological features.
Geotechnical measurements were recorded including Rock Quality Designation (RQD) fracture frequency, solid core
recovery and qualitative rock strength measurements.
Magnetic susceptibility measurements were recorded every metre. The bulk density of selected drill core intervals was
determined at site on whole core samples.
All geological and geotechnical logging was conducted at Havieron site.
Digital data logging was captured on diamond drill core intervals only, and all data validated and stored in an AcQuire
database.
All drill cores were photographed, prior to cutting and/or sampling the core.
Sub-sampling Sampling, sample preparation and quality control protocols are considered appropriate for the material being sampled.
techniques and sample
preparation Diamond core was cut and sampled at the Telfer core processing facility. Half core samples were collected in pre-
numbered calico bags and grouped in plastic bags for dispatch to the laboratory. Sample weights typically varied from
0.5 to 4 kg. Sample sizes are considered appropriate for the style of mineralisation. Drill core samples were freighted
by air and road to the laboratory.
Sample preparation was conducted at Intertek Laboratory, Perth. Samples were dried at 105oC, and crushed to 95%
passing 4.75 mm, and the split to obtain up to 3 kg sub-sample, which was pulverised (using LM5) to produce a pulped
product with the minimum standard of 95% passing 106 μm.
Duplicate samples were collected from crush and pulp samples at a rate of 1:20. Duplicate results show an acceptable
level of variability for the material sampled and style of mineralisation.
Periodic size checks (1:20) for crush and pulp samples and sample weights are provided by the laboratory and recorded
in the Acquire database.
Quality of assay data Assaying of diamond drill core samples was conducted at Intertek, Perth. All samples were assayed for 48 elements
and laboratory tests using a 4-acid digestion followed by ICP-AES/ICP-MS determination (method 4A/MS907). Gold analyses were
determined by 50 g fire assay with AAS finish (method FA50N/AA).
Sampling and assaying quality control procedures consisted of inclusion of certified reference material (CRMs), coarse
residue and pulp duplicates with each batch (at least 1:20).
Assays of quality control samples were compared with reference samples in AcQuire database and verified as
acceptable prior to use of data from analysed batches.
Laboratory quality control data, including laboratory standards, blanks, duplicates, repeats and grind size results are
captured in Acquire database and assessed for accuracy and precision for recent data.
Newcrest Mining Limited – Level 8, 600 St Kilda Road, Melbourne - Quarterly Exploration Report to 31 December 2019
Criteria Commentary
Due to the limited extent of the drilling program to date, extended quality control programs are yet to be undertaken,
whereby pulped samples will be submitted to an umpire laboratory and combined with more extensive re-submission
programs.
Analysis of the available QC sample assay results indicates that an acceptable level of accuracy and precision has been
achieved and the database contains no analytical data that has been numerically manipulated.
The assaying techniques and quality control protocols used are considered appropriate for the data to be used for
reporting exploration drilling results.
Verification of sampling Sampling intervals defined by the Geologist are electronically assigned sample identification numbers prior to core
and assaying cutting. Corresponding sample numbers matching pre-labelled calico bags are assigned to each interval.
All sampling and assay information were stored in a secure Acquire database with restricted access.
Electronically generated sample submission forms providing the sample identification number accompany each
submission to the laboratory. Assay results from the laboratory with corresponding sample identification are loaded
directly into the Acquire database.
Assessment of reported significant assay intervals was verified by re-logging of diamond drill core intervals and
assessment of high-resolution core photography. The verification of significant intersections has been completed by
company personnel and the Competent Person.
No adjustments are made to assay data, and no twinned holes have been completed. Drilling intersects mineralisation
at various angles.
Location of data points Drill collar locations were surveyed using a differential GPS with GNSS with a stated accuracy of +/- 0.5m for drill holes
HAD019, HAD020, HAD021, HAD022, HAD023, HAD024, HAD025, HAD026, HAD027, HAD028, HAD029, HAD030,
HAD031, HAD032, HAD033, HAD034, HAD035, and HAD036.
Drill rig alignment was attained using an electronic azimuth aligner. Downhole survey was collected at 6-12 m intervals
in the cover sequence, and every 6 to 30 m in diamond drill core segments of the drill hole. At the end of hole, all holes
have been surveyed using a continuous gyro survey to surface (Axis Mining Champ Gyro).
Topographic control is established from SRTM (1 second) topographic data and derived digital elevation model. The
topography is generally low relief to flat, with an average elevation of 265 m, within dune corridors.
All collar coordinates are provided in the Geocentric Datum of Australian (GDA94 Zone 51S).
Data spacing and The drill hole spacing ranges from 50 – 500 m in lateral extent within an area of 1.5 square kilometres. The current drill
distribution hole spacing does not provide sufficient information for the estimation of a Mineral Resource.
Significant assay intercepts remain open. Further drilling is required to determine the extent of currently defined
mineralisation. No sample compositing is applied to samples.
Orientation of data in Drilling of reported holes HAD019, HAD020, HAD021, HAD022, HAD023, HAD025, HAD026, HAD028, HAD029,
relation to geological HAD030, HAD031, HAD032, HAD033, HAD034, HAD035, and HAD036 are oriented perpendicular to a central dolerite
structure dyke. The dolerite dyke has a north-south orientation, with drilling established on an east-west orientation.
Drill holes exploring the extents of the Havieron Mineral System intersect moderately dipping carbonate and siliclastic
sedimentary facies, mineralised breccia and sub-vertical intrusive lithologies. Steeply dipping mineralised zones with a
north-south orientation have been interpreted from historic and Newcrest drill holes.
There is presently insufficient information to confirm the geological model or true thickness of mineralised intervals.
Sample security The security of samples is controlled by tracking samples from drill rig to database.
Drill core was delivered from the drill rig to the Havieron core yard every shift. On completion of geological and
geotechnical logging, core was transported by vehicle to Telfer core processing facility by Newcrest personnel.
High resolution core photography and cutting of drill core was undertaken at the Telfer core processing facility.
Samples were freighted in sealed bags by air and road to the Laboratory, and in the custody of Newcrest
representatives.Sample numbers are generated directly from the database. All samples are collected in pre-numbered
calico bags.
Verification of sample numbers and identification is conducted by the laboratory on receipt of samples, and sample
receipt advise issued to Newcrest.
Details of all sample movement are recorded in a database table. Dates, Hole ID sample ranges, and the analytical
suite requested are recorded with the dispatch of samples to analytical services. Any discrepancies logged at the receipt
of samples into the analytical services are validated.
Audits or reviews Due to the limited duration of the program, no external audits or reviews have been undertaken. Internal verification and
audit of Newcrest exploration procedures and databases are periodically undertaken.
Newcrest Mining Limited – Level 8, 600 St Kilda Road, Melbourne - Quarterly Exploration Report to 31 December 2019
Section 2 Reporting of Exploration Results
Criteria Commentary
Mineral tenement and The Havieron Project is entirely contained within 12 sub-blocks of E45/4701, which is 100% owned by Greatland Pty Ltd.
land tenure status Newcrest has entered into an Exploration Farm-In (EFI) agreement with Greatland Pty Ltd and Greatland Gold Plc
effective 12 March, 2019, with Newcrest as Manager of the Havieron Project. The Stage 1 expenditure commitment of
US$10m under the Farm-in agreement with Greatland Gold has been met and Newcrest has provided notice that it wishes
to proceed to Stage 2.
There is a current ILUA (Indigenous Land Use Agreement) signed in December 2015 which extends to the Havieron
Project. All obligations with respect to legislative requirements including minimum expenditure are maintained in good
standing. The exploration tenement E45/4701 was first granted 17 July 2017 for 5 years, expiring 16 July 2022.
Exploration done by Newcrest Mining Limited completed six diamond core holes in the vicinity of the Havieron Project from 1991 to 2003.
other parties Greatland Gold completed drill targeting and drilling of 9 Reverse Circulation (RC) drill holes with diamond tails for a total
of approximately 6,800 m in 2018. Results of drilling programs conducted by Greatland Gold have previously been
reported on the Greatland Gold web site.
Drilling has defined an intrusion-related mineral system with evidence of breccia- and massive sulphide-hosted higher-
grade gold-copper mineralisation.
Geology The Havieron Project is located within the north-western exposure of the Palaeo-proterozoic to Neoproterozoic Paterson
Orogen (formerly Paterson Province), 45 km east of Telfer. The Yeneena Supergroup hosts the Havieron prospect and
consists of a 9 km thick sequence of marine sedimentary rocks, and is entirely overlain by approximately 420 m of
Phanerozoic sediments of the Paterson Formation and Quaternary aeolian sediments.
Gold and copper mineralisation at Havieron consist of breccia, vein and massive sulphide replacement gold and copper
mineralisation typical of intrusion-related and skarn styles of mineralisation. Mineralisation at the prospect is hosted by
metasedimentary rocks (meta-sandstones, meta-siltstones and meta-carbonate) and intrusive rocks of an undetermined
age. The main mineral assemblage contains well developed pyrrhotite-chalcopyrite and pyrite sulphide mineral
assemblages as breccia and vein infill, and massive sulphide lenses. The main mineralisation event is associated with
amphibole-carbonate-biotite-sericite-chlorite wall rock alteration. Drilling has partially defined the extents of mineralisation
which are observed over 400 m strike extent within an arcuate shaped mineralised zone, and to depths of up to -
1,100mRL.
Data aggregation Significant assay intercepts are reported as (A) length-weighted averages exceeding 1.0 g/t Au greater than or equal to
methods 10 m, with less than 5 m of consecutive internal dilution; and (B) length-weighted averages exceeding 0.2 g/t Au for
greater than or equal to 20 m, with less than 10 m of consecutive internal dilution, and (C) and intervals of >30 gram
metres (calculated as the weighted average of consecutive assayed interval multiplied by the Au grade in ppm exceeding
a value 30, with no internal dilution). No top cuts are applied to intercept calculations.
Relationship between Significant assay intervals reported represent apparent widths. Insufficient geological information is available to confirm
mineralisation widths the geological model and true width of significant assay intervals.
and intercept lengths
Diagrams As provided.
Balanced reporting This is the fifth release of Exploration Results for this project made by Newcrest. The initial Newcrest release is dated the
25 July 2019. The second release is dated the 10 September 2019. The third release is dated the 24 October 2019. The
fourth release is dated 2 December, 2019. Earlier reporting of exploration programs conducted by Newcrest and
Greatland Gold have previously been reported. Exploration drilling programs are ongoing and further material results will
be reported in subsequent Newcrest releases.
Further work Further work is planned to evaluate exploration opportunities that extend the known mineralisation. Initial drilling
conducted by Newcrest has confirmed higher grade mineralisation, broadened mineralised extents defined by prior drilling
and extended the depth of observed mineralisation of the Havieron prospect. The results of drilling to date indicate the
limits of mineralisation have been closed off to the east, and south, and remain open to the north, and at depth. Drilling
programs at Havieron are ongoing with 6 drill rigs currently in operation.
Newcrest Mining Limited – Level 8, 600 St Kilda Road, Melbourne - Quarterly Exploration Report to 31 December 2019
Drillhole data
Havieron Prospect, Paterson Province, Western Australia
Reporting Criteria: Intercepts reported are Au >0.20ppm (0.2g/t Au) and minimum 20m downhole width with maximum consecutive internal
dilution of 10m. Also highlighted are high grade intervals of Au >1.0ppm (1g/t Au) and minimum 10m downhole width with maximum consecutive
internal dilution of 5m, and intervals of >30 gram metres (calculated as the weighted average of consecutive assayed interval multiplied by the
Au grade in ppm exceeding a value 30, with no internal dilution) are tabled. Au grades are reported to two significant figures. Samples are from
diamond core drilling which is PQ, HQ or NQ in diameter. Core is photographed and logged by the geology team before being cut. Half core PQ,
HQ and NQ samples are prepared for assay and the remaining material is retained in the core farm for future reference. Each assay batch is
submitted with duplicates and standards to monitor laboratory quality. Total depth (end of hole) rounded to 1 decimal place for reporting purposes.
Total
Easting Northing From Interval Au Cu
Hole ID Hole Type RL (m) Depth Azimuth Dip To (m) Cut off
(m) (m) (m) (m) (ppm) (pct)
(m)
HAD019 MR-DD 464450 7597497 259 480 269 -65 No significant result
HAD020 MR-DD 463749 7597651 260 1402.1 91 -68 527 609.4 82.4 0.71 0.09 0.2 g/t Au
HAD021 MR-DD 464502 7597646 258 1407.8 270 -65 513 533 20 0.31 0.01 0.2 g/t Au
HAD022 MR-DD 464347 7597650 258 901.6 270 -60 Assays pending
Newcrest Mining Limited – Level 8, 600 St Kilda Road, Melbourne - Quarterly Exploration Report to 31 December 2019
Total
Easting Northing From Interval Au Cu
Hole ID Hole Type RL (m) Depth Azimuth Dip To (m) Cut off
(m) (m) (m) (m) (ppm) (pct)
(m)
HAD023 RC-DD 464448 7597900 257 1588.2 270 -64 494 522 28 0.26 0.01 0.2 g/t Au
HAD024 RC-DD 464244 7597896 257 408 270 -64 Hole abondoned in cover sequence.
HAD025 MR-DD 463910 7597711 257 973.1 90 -63 580 698 118 0.99 0.08 0.2 g/t Au
HAD026 MR-DD 463701 7597699 259 1357.2 91 -63 515.3 579 63.8 2.3 0.28 0.2 g/t Au
HAD027 RC 463700 7597805 257 252 91 -65 Hole abondoned in cover sequence.
HAD028 MR-DD 464499 7597744 258 1582 270 -63 543.2 589 45.8 6.8 0.51 0.2 g/t Au
HAD030 MR-DD 463439 7597420 264 144 89 -60 Hole abondoned in cover sequence.
HAD031 MR-DD 464303 7597748 258 1135.3 270 -64 719 746 27 0.49 0.10 0.2 g/t Au
Newcrest Mining Limited – Level 8, 600 St Kilda Road, Melbourne - Quarterly Exploration Report to 31 December 2019
Total
Easting Northing From Interval Au Cu
Hole ID Hole Type RL (m) Depth Azimuth Dip To (m) Cut off
(m) (m) (m) (m) (ppm) (pct)
(m)
HAD032 MR-DD 463592 7597800 257 1447.1 90 -64 630 694 64 0.68 0.14 0.2 g/t Au
HAD033 MR-DD 464705 7597751 258 1431.3 270 -64 1399.2 1429.4 30.2 0.38 0.14 0.2 g/t Au
HAD034 MR-DD 464250 7597650 260 835.1 270 -65 462.5 492.2 29.7 1.2 0.63 0.2 g/t Au
HAD035 MR-DD 464400 7597600 260 913.8 270 -67 573 683.5 110.5 1.8 0.97 0.2 g/t Au
HAD036 MR-DD 464297 7597600 258 912.3 270 -64 513 586 73 3.2 0.67 0.2 g/t Au
Newcrest Mining Limited – Level 8, 600 St Kilda Road, Melbourne - Quarterly Exploration Report to 31 December 2019
Appendix 2
Red Chris Project (70% Newcrest): JORC Table 1
Section 1 Sampling Techniques and Data
Criteria Commentary
Sampling techniques Diamond core samples are obtained from diamond drilling. PQ-HQ and NQ diameter diamond core was drilled on a 3
or 6m run. Diamond core was cut using a manual or automatic core-cutter and half core sampled at 2 m intervals. Cover
sequences were not sampled.
Drilling techniques Diamond drilling was advanced with PQ3, HQ3, NQ3 and NQ diameter coring configuration.
Diamond core from inclined drill holes are oriented on 6 m or 3 m runs using an electronic core orientation tool (Reflex
ACTIII or Boart Longyear Trucore). At the end of each run, the bottom of hole position is marked by the driller, which is
later transferred to the whole drill core run length with a bottom of hole reference line.
Drill sample recovery Diamond core recovery is systematically recorded from the commencement of diamond coring to end of hole, by
reconciling against driller’s depth blocks in each core tray with data recorded in the database. Drillers depth blocks
provided the depth, interval of core recovered, and interval of core drilled.
Diamond core recoveries were typically 100%, with isolated zones of lower recovery.
Logging Geological logging recorded qualitative descriptions of lithology, alteration, mineralisation, veining, and structure (for all
diamond core drilled – 14,742m), including orientation of key geological features.
Geotechnical measurements were recorded including Rock Quality Designation (RQD) fracture frequency, solid core
recovery and qualitative rock strength measurements.
Magnetic susceptibility measurements were recorded every metre.
All geological and geotechnical logging was conducted at the Red Chris Mine.
Digital data logging was captured, validated and stored in an AcQuire database.
All drill cores were photographed, prior to cutting and/or sampling the core.
Sub-sampling Sampling, sample preparation and quality control protocols are considered appropriate for the material being sampled.
techniques and sample
preparation Diamond core was cut and sampled at the Red Chris Mine core processing facility. Half core samples were collected in
plastic bags together with pre-numbered sample tags and grouped in plastic bags for dispatch to the laboratory. Sample
weights typically varied from 5 to 10 kg. Sample sizes are considered appropriate for the style of mineralisation. Drill
core samples were freighted by road to the laboratory.
Sample preparation was conducted at Bureau Veritas Commodities Canada Ltd Laboratory, Vancouver. Samples were
dried at 650C, and crushed to 95% passing 4.75 mm, and the split to obtain up to 3 kg sub-sample, which was pulverised
(using LM2) to produce a pulped product with the minimum standard of 95% passing 106 μm.
Duplicate samples were collected from crush and pulp samples at a rate of 1:20. Duplicate results show an acceptable
level of variability for the material sampled and style of mineralisation.
Periodic size checks (1:20) for crush and pulp samples and sample weights are provided by the laboratory and recorded
in the Acquire database.
Quality of assay data Assaying of diamond drill core samples was conducted at at Bureau Veritas Commodities Canada Ltd Laboratory,
and laboratory tests Vancouver. All samples were assayed for 48 elements using a 4-acid digestion followed by ICP-AES/ICP-MS
determination (method MA250). Gold analyses were determined by 50 g fire assay with AAS finish (method FA350).
Carbon and Sulphur were determined by Leco (method TC000) and Mercury using Aqua Regia digestion followed by
ICP-ES/MS determination (method AQ200).
Sampling and assaying quality control procedures consisted of inclusion of certified reference material (CRMs), coarse
residue and pulp duplicates with each batch (at least 1:20).
Assays of quality control samples were compared with reference samples in AcQuire database and verified as
acceptable prior to use of data from analysed batches.
Laboratory quality control data, including laboratory standards, blanks, duplicates, repeats and grind size results are
captured in Acquire database and assessed for accuracy and precision for recent data.
Due to the limited extent of the drilling programme to date, extended quality control programmes are yet to be
undertaken, whereby pulped samples will be submitted to an umpire laboratory and combined with more extensive re-
submission programmes.
Analysis of the available QC sample assay results indicates that an acceptable level of accuracy and precision has been
achieved and the database contains no analytical data that has been numerically manipulated.
Newcrest Mining Limited – Level 8, 600 St Kilda Road, Melbourne - Quarterly Exploration Report to 31 December 2019
Criteria Commentary
The assaying techniques and quality control protocols used are considered appropriate for the data to be used for
reporting exploration drilling results.
Verification of sampling Sampling intervals defined by the Geologist are electronically assigned sample identification numbers prior to core
and assaying cutting. Corresponding sample numbers matching pre-labelled sample tags are assigned to each interval.
All sampling and assay information were stored in a secure Acquire database with restricted access.
Electronically generated sample submission forms providing the sample identification number accompany each
submission to the laboratory. Assay results from the laboratory with corresponding sample identification are loaded
directly into the Acquire database.
Assessment of reported significant assay intervals was verified by re-logging of diamond drill core intervals and
assessment of high-resolution core photography. The verification of significant intersections has been completed by
company personnel and the Competent Person.
No adjustments are made to assay data, and no twinned holes have been completed. Drilling intersects mineralisation
at various angles.
Location of data points Drill collar locations were surveyed using a RTK GPS with GNSS with a stated accuracy of +/- 0.025m.
Drill rig alignment was attained using an electronic azimuth aligner (Reflex TN14 GYROCOMPASS). Downhole survey
was collected at 9 to 30 m intervals of the drill hole using single shot survey (Reflex EZ-SHOT or Boart Lonyear TruShot).
At the end of hole, all holes have been surveyed using a continuous gyro survey to surface (Reflex EZ-GYRO).
Topographic control is established from PhotoSat topographic data and derived digital elevation model. The topography
is generally low relief to flat, with an average elevation of 1500 m, with several deep creek gullies.
All collar coordinates are provided in the North American Datum (NAD83 Zone 9).
Data spacing and The drill hole spacing ranges from 100 – 200 m in lateral extent within an area of 1.5 square kilometres at the East
distribution Zone. An existing Resource for the East Zone was released in 2012 by Imperial Metals Corporation.
The drill hole spacing ranges from 100 – 200 m in lateral extent within an area of 0.5 square kilometres at the Gully
Zone. The current drill hole spacing does not provide sufficient information for the estimation of a Mineral Resource at
the Gully Zone. Significant assay intercepts remain open. Further drilling is required to determine the extent of currently
defined mineralisation.
No sample compositing is applied to samples.
Orientation of data in Drilling of reported holes RC591R and RC595 are oriented perpendicular to the intrusive complex. The intrusive complex
relation to geological has an east-north-east orientation, with drilling established on an north-north-west orientation.
structure
Drill holes exploring the extents of the East Zone Mineral System intersect moderately dipping volcanic and sedimentary
units cut by sub-vertical intrusive lithologies. Steeply dipping mineralised zones with an east-north-east orientation have
been interpreted from historic and Newcrest drill holes.
Drilling of reported holes RC589, RC590, RC603 and RC604 are oriented perpendicular to the intrusive complex. The
intrusive complex has an east-north-east orientation, with drilling established on a south-south-west orientation.
There is presently insufficient information to confirm the orientation of the geological structure at the Gully Zone.
Sample security The security of samples is controlled by tracking samples from drill rig to database.
Drill core was delivered from the drill rig to the Red Chris Mine core yard every shift. Geological and geotechnical
logging, high resolution core photography and cutting of drill core was undertaken at the Red Chris core processing
facility.
Samples were freighted in sealed bags with security tags by road to the Laboratory, and in the custody of Newcrest
representatives.
Sample numbers are generated from pre-labled sample tags. All samples are collected in pre-numbered plastic bags.
Sample tags are inserted into prenumbered plastic bags together with the sample.
Verification of sample numbers and identification is conducted by the laboratory on receipt of samples, and sample
receipt advise issued to Newcrest.
Details of all sample movement are recorded in a database table. Dates, Hole ID sample ranges, and the analytical
suite requested are recorded with the dispatch of samples to analytical services. Any discrepancies logged at the receipt
of samples into the analytical services are validated.
Audits or reviews Due to the limited duration of the programme, no external audits or reviews have been undertaken.
Internal verification and audit of Newcrest exploration procedures and databases are periodically undertaken.
Newcrest Mining Limited – Level 8, 600 St Kilda Road, Melbourne - Quarterly Exploration Report to 31 December 2019
Section 2 Reporting of Exploration Results
Criteria Commentary
Mineral tenement and The Red Chris Project comprises seventy seven (77) mineral tenures including five (5) mining leases, which is 100%
land tenure status owned by Newcrest Red Chris Mining Limited (NRCML). NRCML is a Joint Venture between Newcrest Mining Limited
(70%) and Imperial Metals Corporation (30%).
Newcrest and the Tahltan Nation have signed an updated Impact, Benefit and Co-Management Agreement (IBCA)
covering the Red Chris Project.
All obligations with respect to legislative requirements including minimum expenditure are maintained in good standing.
Exploration done by other Conwest Exploration Limited, Great Plains Development Co. of Canada, Silver Standard Mines Ltd, Texasgulf Canada
parties Ltd. (formerly Ecstall Mining Limited), American Bullion Minerals Ltd and bcMetals Corporation conducted exploration
in the areas between 1956 and 2006.
Imperial Metals acquired the project in 2007 and completed deeper drilling at the East and Main Zones between 2007
and 2012.
Geology The Red Chris Project is located in the Stikine terrane of northwestern British Columbia, 80 km south of the town of
Dease Lake.
Late Triassic sedimentary and volcanic rocks of the Stuhini Group host a series of Late Triassic to Early Jurassic
204−198 Ma) diorite to quartz monzonite stocks and dykes.
Gold and copper mineralisation at Red Chris consists of vein, disseminated and breccia sulphide typical of porphyry
style mineralisation. Mineralisation is hosted by diorite to quartz monzonite stocks and dykes. The main mineral
assemblage contains well developed pyrite-chalcopyrite-bornite sulphide mineral assemblages as vein and brecia infill,
and disseminations. The main mineralisation event is associated with biotite and potassium feldspar-magnetite wall rock
alteration.
Data aggregation Significant assay intercepts are reported as (A) length-weighted averages exceeding 0.1 g/t Au greater than or equal to
methods 20 m, with less than 10 m of consecutive internal dilution; and (B) length-weighted averages exceeding 0.5 g/t Au for
greater than or equal to 10 m, with less than 10 m of consecutive internal dilution, and (C) length-weighted averages
exceeding 1 % Cu for greater than or equal to 10 m, with less than 10 m of consecutive internal dilution. No top cuts are
applied to intercept calculations.
Relationship between Significant assay intervals reported represent apparent widths. Insufficient geological information is available to confirm
mineralisation widths and the geological model and true width of significant assay intervals.
intercept lengths
Diagrams As provided.
Balanced reporting This is the first release of Exploration Results for this project made by Newcrest. Earlier reporting of exploration
programmes conducted by Imperial Metals Corporation have previously been reported. Exploration drilling programmes
are ongoing and further material results will be reported in subsequent Newcrest releases.
Further work Further drilling is planned to define the extents of the Gully Zone, and complete the East Zone resource definition
program.
Newcrest Mining Limited – Level 8, 600 St Kilda Road, Melbourne - Quarterly Exploration Report to 31 December 2019
Drillhole data
Red Chris Project, British Columbia, Canada
Reporting Criteria: Intercepts reported are Au >0.1ppm (0.1g/t Au) and minimum 20m downhole width with maximum
consecutive internal dilution of 10m. Also highlighted are high grade intervals of Au >0.5ppm (0.5 g/t Au) and Au
>1ppm (1 g/t Au), and minimum 10m downhole width with maximum consecutive internal dilution of 10m. Au grades
are reported to two significant figures. Samples are from diamond core drilling which is PQ, HQ or NQ in diameter.
Core is photographed and logged by the geology team before being cut. Half core PQ, HQ and NQ samples are
prepared for assay and the remaining material is retained in the core farm for future reference. Each assay batch is
submitted with duplicates and standards to monitor laboratory quality. Total depth (end of hole) rounded to 1 decimal
place for reporting purposes.
Total
Easting Northing Azimuth From To Interval Au Cu
Hole ID Hole Type RL (m) Depth Dip Cut off
(m) (m) (GRID) (m) (m) (m) (ppm) (pct)
(m)
RC589 DD 450789 6395312 1519 1356.5 206 -58 110 206 96 0.16 0.11 0.1 ppm Au
RC590 DD 450888 6395422 1498 1460.7 177 -58 10 184 174 0.24 0.16 0.1 ppm Au
RC591R DD 452827 6395577 1470 1157* 329 -60 325 799 474 0.63 0.43 0.1 ppm Au
RC595 DD 452984 6395701 1466 1121 329 -60 254 282 28 0.13 0.11 0.1 ppm Au
Newcrest Mining Limited – Level 8, 600 St Kilda Road, Melbourne - Quarterly Exploration Report to 31 December 2019
Total
Easting Northing Azimuth From To Interval Au Cu
Hole ID Hole Type RL (m) Depth Dip Cut off
(m) (m) (GRID) (m) (m) (m) (ppm) (pct)
(m)
RC603 DD 450789 6395312 1519 1252.1 191 -58 102 150 48 0.24 0.09 0.1 ppm Au
RC604 DD 450888 6395422 1498 1338.1 173 -50 26 178 152 0.28 0.21 0.1 ppm Au
Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the
Company’s actual results, performance and achievements to differ materially from any future results, performance or
achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations
Newcrest Mining Limited – Level 8, 600 St Kilda Road, Melbourne - Quarterly Exploration Report to 31 December 2019
and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and
project development, including the risks of obtaining necessary licences and permits and diminishing quantities or grades of
reserves, political and social risks, changes to the regulatory framework within which the Company operates or may in the future
operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial
relations issues and litigation.
Forward looking statements are based on the Company and its Management’s good faith assumptions relating to the financial,
market, regulatory and other relevant environments that will exist and affect the Company’s business and operations in the future.
The Company does not give any assurance that the assumptions on which forward looking statements are based will prove to be
correct, or that the Company’s business or operations will not be affected in any material manner by these or other factors not
foreseen or foreseeable by the Company or management or beyond the Company’s control.
Although the Company attempts and has attempted to identify factors that would cause actual actions, events or results to differ
materially from those disclosed in forward looking statements, there may be other factors that could cause actual results,
performance, achievements or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable
control of the Company. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward
looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law
or any relevant stock exchange listing rules, in providing this information the Company does not undertake any obligation to
publicly update or revise any of the forward looking statements or to advise of any change in events, conditions or circumstances
on which any such statement is based.
Media Enquiries
Chris Maitland Rebecca Murphy
+61 3 9522 5717 +61 3 9522 5282
+61 439 525 135 +61 428 179 490
Chris.Maitland@newcrest.com.au Rebecca.Murphy@newcrest.com.au
Newcrest Mining Limited – Level 8, 600 St Kilda Road, Melbourne - Quarterly Exploration Report to 31 December 2019